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    Accounting Relatable

    July 29, 2019

    Accounting Relatable

    Relatable

    Posted: 29 Jul 2019 04:34 PM PDT

    If this ain't the truth

    Posted: 29 Jul 2019 07:12 AM PDT

    I can't be the only person who is curious about the auditor who caught the controller who he's auditing at the swinger's party and how their meeting today went, right?

    Posted: 29 Jul 2019 11:07 AM PDT

    I DID IT BOYS! Leaving Big 4 for Industry!!

    Posted: 29 Jul 2019 01:24 PM PDT

    Throwaway because of my backstory, but long story short, I was told that I was not being considered for upcoming October senior promotions despite good reviews, utilization, etc. I decided to recruit hard and eventually landed a role that's willing to give me a 25% raise (more than I would have gotten for the senior promotion).

    ​

    Def looking forward to better benefits, better hours, and free food! Don't let one bad thing get you down -- you have opportunities everywhere, especially coming out of public/Big 4!

    submitted by /u/throwawaytaxboi
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    Where did all my money go??

    Posted: 29 Jul 2019 07:57 AM PDT

    What I say to interns right before fall busy season

    Posted: 29 Jul 2019 04:28 PM PDT

    Must be Busy Season

    Posted: 29 Jul 2019 07:29 PM PDT

    a powerful message

    Posted: 29 Jul 2019 09:01 AM PDT

    The Spouse's POV: Being With a Big4 Partner Is Rough

    Posted: 29 Jul 2019 01:44 PM PDT

    I am the (romantic) partner of a big4 partner, and I thought I'd share my POV of what life is like. This career path is not easy, though I'm sure every firm has a few partners in especially lucky positions who make it seem like it is. But the more typical reality is like this:

    1. Money. Making partner doesn't always mean you're instantly rich, depending on your definition of rich. For the first few years, partners typically make several hundred thousand after taxes and expenses. In a major city like New York with a high cost of living, this doesn't amount to a huge change from your director salary, especially if you have kids or any type of loans/debt to pay off. But in a smaller city or town, it could make you much more comfortable. The key point here: Going from director to partner is about the long game, because directors at a big4 often make a few hundred thousand as it is.
    2. Time. Most directors on the partner track work 24/7. They answer emails at all times, on all days. They don't take vacations or put up out of office messages. Once you become partner, you can take a vacation, but you'll still work 24/7 unless you are the lucky few who have amazingly strong directors/seniors to rely on. But many new partners don't have that, so they're still working all the time, because they now have to bring in even more work, have specific performance goals, AND they are personally responsible for the accuracy and timeliness of it all. Your spouse and kids will feel completely neglected.
    3. Pension. In my opinion, the early retirement and pension some firms offer is the main and possibly only reason to choose Big4 over a different career. It's a huge amount of financial security and peace of mind to know you have that. Still, we know several partners who ended up leaving within the first few years of partnership because they either wanted to move home, or couldn't stand the nonexistent work/life balance.
    4. Relocation. If you're willing to relocate, you have more likelihood of making partner because the need for a new partner could be stronger in a different market than the one you're in, and if they like you, they'll give you that spot. If your (romantic) partner is on board to make a move with you, great. But don't make the mistake of thinking you can always go back to your old city/office someday, because you're a "partner" and will have pull (I fell for this one). In reality, we are stuck living on the opposite end of the country from all friends and family, and I am completely miserable because the one person I moved here with/for is always working. I would gladly give back the extra money my spouse makes now to have the life & location we had when he was a director. Really think about that before you decide to move for the firm. To me, the relocation completely outweighed any perks of becoming a partner. My advice is to STRONGLY consider the happiness of your family before relocating, though doing whatever it takes to make partner can be tempting.
    5. Regulations. As the spouse, there are certain rules that will apply to YOU, not just the employee. Working for certain companies is not allowed. Investing in certain businesses is a conflict of interest. Even your 401K/IRA could be a problem. These firms cannot risk legal issues, and as a result you as the spouse will be subject to a level of financial scrutiny and policing of your own financial ventures as well. For many people, this means giving up your career, investments, or otherwise, and that's not a small ask.

    I hope that helps put things into perspective for those who are wondering about being a partner. There are many variables that can affect what your experience will be like, so you never know what will happen to you.

    submitted by /u/CitySweetie222
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    Superiors in Accounting

    Posted: 29 Jul 2019 12:11 PM PDT

    Superiors: "I don't see this information?"

    You: "It's definitely in there I specifically remember putting it in"

    Superiors: "BUT I DONT SEE IT??? ARE YOU DUMB???"

    ​

    Also Superiors

    You: "I can't find this information"

    Superiors: "It's definitely in there I specifically remember putting it in"

    You: "I can't seem to find it can you help me find it?"

    Superiors: "ITS DEFINITELY IN THERE ARE YOU DUMB???"

    submitted by /u/crharrison91
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    Deloitte still world's number one firm: Big Four firm Deloitte has strengthened its lead over PwC and the rest of the international networks with 2018 global revenues up 11% to $43.2bn (£33.42bn)

    Posted: 29 Jul 2019 04:16 PM PDT

    When your manager drops by fours hours later and you haven't gotten anything done

    Posted: 29 Jul 2019 08:46 AM PDT

    I did get in the B4 for the memes.

    Posted: 29 Jul 2019 09:17 AM PDT

    Are there any film production accountants on here?

    Posted: 29 Jul 2019 03:11 PM PDT

    I had three different production accountant interviews last week and currently work in entertainment but wanted to pick someones brain that is in a current film production accountant position if you are out there.

    submitted by /u/KudzuKilla
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    If your Becker Expired, you can upgrade to Becker Unlimited for $500.

    Posted: 29 Jul 2019 10:22 AM PDT

    Becker Link Here!

    Apologies if this has already been submitted, but I haven't seen a post about upgrading to Becker unlimited for significantly expired accounts.

    My Becker Expired a while ago (a little over a year in the past). I got my Becker account through a Big 4 firm and activated it way earlier than I should have. I decided to give the above Becker link a shot, and Becker gave me access to the entire Becker Unlimited product suite plus 4 new textbooks for just the $499 charge, a much better deal then buying a $2k+ software suite from a different company.

    submitted by /u/UsernamePasswrd
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    How is the entry level job market in Nashville?

    Posted: 29 Jul 2019 01:42 PM PDT

    I currently live in Huntsville, and graduate May 2020 with a bachelors. There isn't too deep of a market here for accountants, so I was debating Nashville. It's close enough to visit family on weekend trips, and big enough of a city where I would hope there would be a decent job market. Looking online, I don't see too many job postings at B4 for positions, but RSM has a few. Does anyone have an experience working there?

    submitted by /u/Spritesgud
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    Struggling in b4

    Posted: 29 Jul 2019 05:36 PM PDT

    So I just started a few weeks ago, and was given part of a return to do. It was really really simple, but it was like 500 pages, I was supposed to click through each one. I got really overwhelmed by the amount of forms, and yeah it ended up taking me like 8 hours when it prob should have taken 3 at the most according to the senior.. feel like the dumbest person in the world and I seriously don't feel cut out for this in general. Ugh. I feel so sad.. i really wanted to do well here. But I really don't know how I'm going to survive a busy season if I can't even do simple tasks.

    submitted by /u/grassdancejetta
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    Trouble Landing Internship: Is Billing Clerk A Career DEATH Sentence?

    Posted: 29 Jul 2019 03:25 PM PDT

    I am entering into junior year for accounting at school. I am 27 work experience in sales, insurance, and transportation. Now unemployed.

    I am having trouble finding an internship and most don't start until later in the year.

    Have interview for a Billing Clerk postion at a small logistics company. This job description goes something like this:

    • Process invoices through QuickBooks and send them to the customers as required
    • Process weekly statements through QuickBooks and send them to the customers as required
    • Send subsequent bills when initial attempts to collect were unsuccessful
    • Explain charges to customer so they understand the fees for which they are responsible

    Should I take this job if my long term plans are Masters and CPA? Or should I just keep trying to get internship? I have heard some say you can't get accounting job out of school unless you have internship.

    submitted by /u/Popderrt123
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    My grandmother was terminally ill, I took off from my job to care for her due to lack of options. I'm having a hard time finding another one now, what can I do? Located in Brooklyn NY.

    Posted: 29 Jul 2019 01:57 PM PDT

    Grandma was terminally ill in Brooklyn, NY. I quit my job in Atlanta in February 2019 and moved to Brooklyn to take care of her in her final days. My family is splintered, and I had to take care of my grandma since she didn't have any support. She passed in May 2019.

    I was a Senior Accountant at a Fortune 500 for 4 1/2 years. I am a CPA. I have 1 year of experience in public accounting with a regional firm in Atlanta. 5-6 years of experience total.

    I was working out of a large accounting function near Atlanta for a Fortune 500. A couple hundred employees in that hub doing accounting and finance.

    I'm in NYC now and live here with my brother who's helping me pay rent for now, I'm going to settle down in NYC with my brother, but for some reason I can't find a job.

    I was doing good in Atlanta with different companies hitting me up, but now in NYC I don't know what to do.

    All the jobs external recruiters provide are terrible, are there industry/private accounting jobs for larger companies up here? I can't find them for anything, how do you get an interview if no internal reference? Also, my salary is not translating. I was making 73k while in Atlanta and now NYC is offering me about the same for senior accountant roles.

    I'm about to jump out of the window from frustration. It's been about 2 months and no luck. On top of my grandma dying, its really been weighing on me.

    I'm trying to avoid going back to public accounting.

    submitted by /u/RayKillaKroc
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    One of the great joys I discovered in accounting.

    Posted: 29 Jul 2019 09:37 AM PDT

    Having access to the better premium floors where the restroom is cleaner and bigger and quieter af and where you can take a shit in peace without running into your dept. coworkers.

    Currently taking poop in mentioned floor.

    What's your joy?

    submitted by /u/dontmakemedebityou
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    Any stories of people asking you to do ridiculous things before leaving? How do you deal with it?

    Posted: 29 Jul 2019 04:40 PM PDT

    I'm not a confrontational person, but when do you put your foot down? I'm getting to leave soon, I don't want to burn a bridge but I also don't want to break my back.

    I had a Manager ask a senior to work all day Sunday to clear her comments before her last few days.

    submitted by /u/Sweaty_Rise
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    Looking for some advice as a b4 tax new hire and being a cultural fit

    Posted: 29 Jul 2019 06:29 PM PDT

    Anyone willing to DM for my dumb questions? Title says it all, I'd appreciate any advice, and hope I'm not just a clueless first year. I really want to make sure I'm making the most of my opportunities here, but have ran into some questions in my first month I'd feel more comfortable checking with r/accounting. Thanks!

    submitted by /u/thatshruggingemoji
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    Am I Crazy for Turning Down Corp Dev for FP&A - HELP!

    Posted: 29 Jul 2019 06:16 PM PDT

    Hi Everyone,

    Long-time poster posting from a TA to avoid outing myself. Basically, I have 2 years of Big 4 audit experience, 3 years of TS with a different Big 4. I've hated the TS lifestyle and have been trying to land FP&A/Corp Dev jobs for a while now. This has surprisingly been a pain in the ass because I'm either too light on operational experience for FP&A (have to make a lateral move in comp to get on peoples' radar) or am not competitive for corp dev (competing with bankers/consultants is tough).

    After countless rejections, I finally have an offers for FP&A and corp dev. Corp Dev pays slightly more (10-12ish%) and seems like it has sexier work. That said, I'm considering taking FP&A. The reason is I feel like my resume is already too heavily weighted toward transactions and I need broader experience to reach my goal of being a CFO. Additionally, deal work seems cool, but it also has just as much bullshit and drudgery as any job. Whenever the capital market slows, I want to be sure I can tell people that I have operational knowledge to fix their company in the long-run as well as assist with financial reporting issues to complement my diligence/M&A experience. I feel like this may pay off in the long-run, even though I'll probably hate my life at YE when I'm making less money and doing rudimentary variance analysis/updating decks.

    Is this crazy or does my logic make any sense? I'm financially secure enough that I can take a smallish hit in the short run if it'll pay off in my mid-30s and later. I just want to make sure I'm making the right decision for my long-term career.

    Thanks!

    submitted by /u/fpacorpdevta
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    How to draw boundaries during busy season (Big 4 audit)?

    Posted: 29 Jul 2019 06:53 AM PDT

    Big 4 audit associate in a major city here. My first busy season was absolutely brutal, with 70+ hour weeks for 2 months straight, including a 90 hour week before sign off - finishing at 4am and coming back to client site at 9am for 4 days straight. My team was run by workaholics who made you feel bad for leaving at midnight while the rest of the team was staying till 2-3am.

    Unfortunately I have to do my busy season with the same client next year, despite my efforts to get moved elsewhere. I want to draw some boundaries as I do not intend to work later than 10pm even if the rest of my team is working longer hours. Is there a way to do this without causing negative performance reviews?

    submitted by /u/Ratach
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    QuickBooks

    Posted: 29 Jul 2019 09:55 PM PDT

    QuickBooks is an accounting software package developed and marketed by intuit. QuickBooks enterprise supports phone numbers. You can get the topmost accounting software in a few minutes with the help of QuickBooks. For Smart, People QuickBooks is an online accounting software that complete to the needs of small business owners, accountants, self-employed and people starting the business. It is developed by intuit. We have created the report and invoices, monitor expenses, track job status and change the orders. Get connected to our QuickBooks enterprise support team QuickBooks Enterprise supporthttp://www.quickbooksdesktop.com/enterprise-support/

    submitted by /u/naveen789
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